Getty Images’ (GETY) Outperform Rating Reaffirmed at Wedbush

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a report issued on Tuesday,RTT News reports. They currently have a $7.70 target price on the stock. Wedbush’s target price points to a potential upside of 142.14% from the company’s current price.

Several other research analysts have also weighed in on GETY. Macquarie upped their target price on shares of Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.61.

Getty Images Stock Performance

Getty Images stock traded up $0.61 during mid-day trading on Tuesday, reaching $3.18. 65,531,353 shares of the company were exchanged, compared to its average volume of 19,022,533. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s 50-day simple moving average is $2.94 and its two-hundred day simple moving average is $3.35. Getty Images has a twelve month low of $2.06 and a twelve month high of $5.77. The firm has a market cap of $1.31 billion, a PE ratio of 26.50 and a beta of 1.93.

Insider Activity at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Chinh Chu sold 8,243 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $4.01, for a total value of $33,054.43. Following the sale, the director now owns 9,795,163 shares of the company’s stock, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,266,876 shares of company stock valued at $10,629,182. Company insiders own 12.30% of the company’s stock.

Institutional Trading of Getty Images

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Getty Images by 18.1% in the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after acquiring an additional 7,267 shares in the last quarter. FMR LLC raised its position in shares of Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Getty Images during the 2nd quarter valued at approximately $36,000. Intech Investment Management LLC acquired a new stake in shares of Getty Images during the third quarter worth approximately $44,000. Finally, Aigen Investment Management LP bought a new stake in shares of Getty Images in the third quarter worth $48,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

About Getty Images

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.